Nexus India closes its second fund of $220 million (Rs 960 crore)

Mumbai-based venture firm Nexus India Capital has closed its second fund of $220 million (about Rs 960 crore), more than double its first fund of $100 million. Nexus Indiaâ€™s first fund has been deployed across 13 companies including DimDim, Games2Win, Komli, Kirusa, MapmyIndia and Mobile2Win.

Mumbai-based venture firm Nexus India Capital has closed its second fund of $220 million (about Rs 960 crore), more than double its first fund of $100 million. Nexus Indiaâ€™s first fund has been deployed across 13 companies including DimDim, Games2Win, Komli, Kirusa, MapmyIndia and Mobile2Win.

Nexus plans to continue to invest in sub-$10 million early-stage deals in consumer and business services, media and clean technology. However, â€œour fund now gives us flexibility to invest subsequent rounds in portfolio companies that are doing well and require more capital,â€ Suvir Sujan, managing director, Nexus India Capital, has said. [Source: LiveMint]